Michael Boyer
The Anti-Real Estate Reality Show Landlord.
18 September 2015 | 1 reply
I am a hands on, small time landlord doing about everything myself (but contracting out some skilled work)I find housing people worthwhile (and even profitable), but nobody would want a television show about it (think of a camera zooming in on me cleaning carpets or painting walls for hours....snooze)...In fact, I think if you do things right, you can prevent much of the drama (no building disasters or angry tenant confrontations) the staple material that would keep viewers riveted.My strengths would be in the day-to-day, nitty gritty details of small time landlording, especially for part-time landlord that holds down a day job.
Victor Eng
My First Flip (with Pics!)- Small $$ Profit - Big Exp. Profit
7 October 2015 | 80 replies
But taxes are about 10-12k per year on this property and the previous homeowner was delinquent for several years)Cash for Keys: $20,000 (The homeowner agreed to vacate by a certain date to avoid a drawn out legal process, which they threatened to do)Cleanout: $750 (The place was a complete mess)Initial Cleaning: $150 (I at least needed to get the place tidied up a bit before painters would come)Kitchen Repainting / Spraying Makeover: $11,500Fresh Paint on Most Rooms (Ceiling, Walls, Trims): $12,500Hardwood Floor (Sand, Stain, Re-finish): $4,500 New Carpets in all 4 bedrooms: $4,500Lawn Debris and Hydroseed: $6,000 (and weekly lawncare until sale but that was cheap)Electrician: $1,000 (Smokes Inspection and fixed a few recessed lights + other minor)HVAC: $1,000 (Garbage Disposal Replacement, HVAC filter replacement + othersWindow Cleaning: $500Mold Remediation: $1,000 (Bathroom Ceiling)Carpentry: $5,000 (Bunch of stuff)Miscellaneous Materials: $2,000Final Cleaning: $300Staging: $4,500New Washer and Dryer: $1,000 Total: ~$600,200 (+- 2-3k)Listed Price: 669,000Sale Price: 644,500 After broker + legal Proceeds: 606,000Profit: ~6k Time Held: Bought in April, Roughly 6 Months.I didn't make much from this deal, but the experience I got was awesome.
Tyler Warner
Military in Okinawa - Worth buying?
23 September 2015 | 9 replies
I recently started getting into real estate as well and have plowed through pretty much the same amount of material as you have.
Jesse Cornforth
Newbie Investor from Calgary
26 September 2015 | 11 replies
As Steve said most of the material is geared towards the US but this is an awesome site, one can adapt the material and use it anywhere, I’m learning a lot myself.
Andre Key
Diary of a turn-key realty!!!
21 September 2015 | 5 replies
A lot of time we use our own money, our crew and get the work done for them cheaply we usually collect for material and labor at closing.
John Lindemann
Dishonest Disclosures -
22 March 2017 | 23 replies
Sellers are held by courts to be responsible for known material defects.
James Park
What does the top ten % of the top 1% net worth look like?
5 May 2017 | 46 replies
Bogleheads has some really good material is and more balanced than MMM based on what I have seen.
Lori Anderson
New Member
4 December 2015 | 7 replies
As others have mentioned there is a ton of material already here for you to read on flipping houses!
Tracy Stein
Turbulent Waters Ahead for Real Estate and Mortgage Industry - Ne
22 September 2015 | 4 replies
However, absent a mechanism to record such receipt, a three-day delivery period is assumed, meaning that the lender must send out the forms at least six days ahead of the closing.Revised forms will have to be sent out when there is: An APR Increase greater than 1/8 percentA change in the loan, such as fixed rate to adjustableA pre-payment penalty added after the initial disclosurePros The new forms should be easier to understand, convey new information and won't be so overwhelming.Borrowers will have more time to read the documents and ask questions.Borrowers taking an adjustable-rate, balloon or interest-only loan will see best- and worst-case examples disclosing how the payments and rate could change over the loan period.Borrowers are protected from material, undisclosed last-minute changes to the deal.Closings dates may be pushed back.
Brian Kraft
Porcelain vs Vinyl Bathroom Tile
22 September 2015 | 2 replies
Price difference isn't huge when considering labor and materials--especially for a relatively small space.